LSV Asset Management Lowers Stock Position in Verizon Communications Inc. $VZ

LSV Asset Management reduced its stake in shares of Verizon Communications Inc. (NYSE:VZFree Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,064,949 shares of the cell phone carrier’s stock after selling 114,888 shares during the period. Verizon Communications accounts for 1.1% of LSV Asset Management’s portfolio, making the stock its 12th biggest holding. LSV Asset Management’s holdings in Verizon Communications were worth $491,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in VZ. State Street Corp lifted its position in shares of Verizon Communications by 3.5% during the 3rd quarter. State Street Corp now owns 215,490,064 shares of the cell phone carrier’s stock valued at $9,470,788,000 after buying an additional 7,276,809 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Verizon Communications by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 379,402,347 shares of the cell phone carrier’s stock valued at $15,453,058,000 after buying an additional 5,497,598 shares in the last quarter. Capital World Investors lifted its position in shares of Verizon Communications by 51.1% during the 3rd quarter. Capital World Investors now owns 14,512,228 shares of the cell phone carrier’s stock valued at $637,812,000 after buying an additional 4,905,101 shares in the last quarter. Danske Bank A S purchased a new position in shares of Verizon Communications during the 3rd quarter valued at about $161,346,000. Finally, AQR Capital Management LLC lifted its position in shares of Verizon Communications by 50.4% during the 3rd quarter. AQR Capital Management LLC now owns 8,848,766 shares of the cell phone carrier’s stock valued at $385,983,000 after buying an additional 2,965,033 shares in the last quarter. 62.06% of the stock is owned by hedge funds and other institutional investors.

Verizon Communications Stock Up 0.3%

Shares of VZ opened at $48.43 on Friday. The business’s 50 day moving average is $48.16 and its 200 day moving average is $44.77. The company has a market capitalization of $202.23 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 1.15 and a beta of 0.24. Verizon Communications Inc. has a 12-month low of $38.39 and a 12-month high of $51.68. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.38.

Verizon Communications (NYSE:VZGet Free Report) last issued its earnings results on Monday, April 27th. The cell phone carrier reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $34.44 billion for the quarter, compared to the consensus estimate of $34.82 billion. Verizon Communications had a return on equity of 19.25% and a net margin of 12.46%.The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.19 EPS. Verizon Communications has set its FY 2026 guidance at 4.950-4.990 EPS. Research analysts expect that Verizon Communications Inc. will post 4.96 earnings per share for the current fiscal year.

Insider Activity at Verizon Communications

In related news, Director Hans Erik Vestberg sold 200,000 shares of Verizon Communications stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $49.61, for a total transaction of $9,922,000.00. Following the sale, the director owned 145,069 shares of the company’s stock, valued at approximately $7,196,873.09. This trade represents a 57.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Mary-Lee Stillwell sold 8,569 shares of Verizon Communications stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $50.00, for a total value of $428,450.00. Following the sale, the senior vice president directly owned 43,782 shares in the company, valued at $2,189,100. This trade represents a 16.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.03% of the stock is currently owned by company insiders.

More Verizon Communications News

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Analyst Ratings Changes

A number of research analysts have recently weighed in on VZ shares. Morgan Stanley lifted their price objective on Verizon Communications from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Weiss Ratings raised Verizon Communications from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Citigroup lifted their price objective on Verizon Communications from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Williams Trading set a $54.00 price objective on Verizon Communications in a research report on Monday, February 2nd. Finally, Wells Fargo & Company lifted their price objective on Verizon Communications from $44.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.59.

Read Our Latest Report on Verizon Communications

Verizon Communications Profile

(Free Report)

Verizon Communications Inc (NYSE: VZ) is a major U.S.-based telecommunications company that provides a broad range of communications and information services. Its operations span consumer and business markets, with core offerings that include wireless voice and data services, fixed-line broadband and fiber-optic services, and enterprise networking solutions. Verizon is headquartered in New York City and operates a nationwide wireless network that supports consumer subscribers as well as business and government customers.

The company’s consumer products include mobile phone plans, unlimited data services, and Fios, its branded fiber-optic internet, television and voice service for homes and small businesses.

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Institutional Ownership by Quarter for Verizon Communications (NYSE:VZ)

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